That's very possibly a good route. A successful offer in compromise has as much to do with your ability, ever, to get the tax debt paid, as it does with the amount owed.

....

The computation is really formulaic... coming down to something called RCP (Reasonable Collection Potential) ... that amount that IRS say, as per that formula, is an amount that you SHOULD be able to pay (Based on your income, assets, and other debt).

...

here's how IRS puts it:

...

"An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability, or doing so creates a financial hardship. We consider your unique set of facts and circumstances:

Ability to pay;

Income;

Expenses; and

Asset equity.

We generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time. "

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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.